Filed: 5/13/2026ACC: 0001701717-26-000010
📋 What this filing means
FIRST BEIJING INVESTMENT LTD filed this quarterly 13F‑HR report disclosing 12 equity positions with a total reported market value of $2.32B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
12
Positions
$2.32B
Total AUM (reported)
172.20M
Total Shares
Allocation by class
SPONSORED ADS$1.79B77.1%
SPON ADR$509.40M22.0%
SPONSORD ADS$17.30M0.7%
ADS$2.20M0.1%
SPON ADS$1.35M0.1%
SPONSORED ADR$1.06M0.0%
Portfolio Concentration
Top 3$2.09B90.1%
4–10$228.39M9.9%
11–25$1.09M0.0%
Top 3 weight
90.1%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 172.20M
Sole
Full voting authority
103.62M
shares
% of voting shares60.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
68.58M
shares
% of voting shares39.8%
Investment Discretion (by position count)
Sole12
Shared0
Other0
Dominant voting typeSole · 60.2% of voting shares
Institutional Holdings12
Rows:
PDD HOLDINGS INC
SOLEShares8.15M
TypeSH
Market value$832.68M
35.91%
Sole
3.75M
Shared
0.00
None
4.40M
FULL TRUCK ALLIANCE CO LTD
SOLEShares90M
TypeSH
Market value$747.01M
32.22%
Sole
48.30M
Shared
0.00
None
41.71M
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares9M
TypeSH
Market value$509.40M
21.97%
Sole
4.22M
Shared
0.00
None
4.77M
RLX TECHNOLOGY INC
SOLEShares60.13M
TypeSH
Market value$132.29M
5.71%
Sole
42.66M
Shared
0.00
None
17.47M
LEGEND BIOTECH CORP
SOLEShares2.30M
TypeSH
Market value$41.54M
1.79%
Sole
2.30M
Shared
0.00
None
0.00
KASPI KZ JSC
SOLEShares434.35K
TypeSH
Market value$32.17M
1.39%
Sole
434.35K
Shared
0.00
None
0.00
SEA LTD
SOLEShares208.96K
TypeSH
Market value$17.30M
0.75%
Sole
22.65K
Shared
0.00
None
186.31K
DINGDONG CAYMAN LTD
SOLEShares845.95K
TypeSH
Market value$2.17M
0.09%
Sole
845.95K
Shared
0.00
None
0.00
ZHIHU INC
SOLEShares551.05K
TypeSH
Market value$1.56M
0.07%
Sole
551.05K
Shared
0.00
None
0.00
NOAH HLDGS LTD
SOLEShares135.99K
TypeSH
Market value$1.35M
0.06%
Sole
97.39K
Shared
0.00
None
38.59K
BAOZUN INC
SOLEShares444.33K
TypeSH
Market value$1.06M
0.05%
Sole
444.33K
Shared
0.00
None
0.00
AGORA INC
SOLEShares7.70K
TypeSH
Market value$27.3K
<0.01%
Sole
7.70K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PDD HOLDINGS INCSOLE | SPONSORED ADS | 8.15M | SH | $832.68M 35.91% | 3.75M | 0.00 | 4.40M |
FULL TRUCK ALLIANCE CO LTDSOLE | SPONSORED ADS | 90M | SH | $747.01M 32.22% | 48.30M | 0.00 | 41.71M |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 9M | SH | $509.40M 21.97% | 4.22M | 0.00 | 4.77M |
RLX TECHNOLOGY INCSOLE | SPONSORED ADS | 60.13M | SH | $132.29M 5.71% | 42.66M | 0.00 | 17.47M |
LEGEND BIOTECH CORPSOLE | SPONSORED ADS | 2.30M | SH | $41.54M 1.79% | 2.30M | 0.00 | 0.00 |
KASPI KZ JSCSOLE | SPONSORED ADS | 434.35K | SH | $32.17M 1.39% | 434.35K | 0.00 | 0.00 |
SEA LTDSOLE | SPONSORD ADS | 208.96K | SH | $17.30M 0.75% | 22.65K | 0.00 | 186.31K |
DINGDONG CAYMAN LTDSOLE | ADS | 845.95K | SH | $2.17M 0.09% | 845.95K | 0.00 | 0.00 |
ZHIHU INCSOLE | SPONSORED ADS | 551.05K | SH | $1.56M 0.07% | 551.05K | 0.00 | 0.00 |
NOAH HLDGS LTDSOLE | SPON ADS | 135.99K | SH | $1.35M 0.06% | 97.39K | 0.00 | 38.59K |
BAOZUN INCSOLE | SPONSORED ADR | 444.33K | SH | $1.06M 0.05% | 444.33K | 0.00 | 0.00 |
AGORA INCSOLE | ADS | 7.70K | SH | $27.3K <0.01% | 7.70K | 0.00 | 0.00 |